The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-09-10
CONDITION OF THE MARKETS
A Dull Day on the Chicago Board, Spec
ulatOrs Showing No Desire to Trade.
Wheat Opens Strong, but Closes Slightly
Lower than on Thursday-Less Activity in
COrn-O Oats CHARACTERIZATION Active.


A Dull Market Until Near the Close, Which
Was Strong and Very Active.
NEW YORK, Sept 9-Money on call was
active at 81 to 8 per cent, the last loan being
made at 6. closing offered at 6.
Prime mercantile paper, a9 per cent.
Sterling exchange was quiet but steady at
o. 799 for sixty-day bills and 81 s3a for demand.
The total sales of stocks to-day were 232. 623
shares. including the following Canada South
ern, 1890; Delaware Lackawanne & Western,
1920; Lake Shore, 1920; Louisville 81 Nashville.
$3.50; Missouri Pacific, 6,2l0; Oregon Transcon-
tnentai, 1920; Reading. 81, 400 ST. Paul, $4,000;
Western Union, 81, 800
The stock market to-day was dull and slug
gng with no special feature of interest until the
last hour, when a sudden and complete change
came the speculation. and decided activity
and strength took the place of dizziness and
heaviness Western Union the leader
throughout the day, and the inducement which
kept il to the front is shown by the premature
announcement. made after business hours to-
day, that Mr.. Gould had purchased the Balti-
more & Ohio telegraph system. The general
list was Influenced by the prevailing indisposi-
ton to purchase shown by operators though
the lately published bullish utterances
bear his name exceptions to the
dropping tendency of the general list The ut
terances referred to made the 'bears" rather
cautious. and no marked pressure was brought
to bear upon any one stock except Lackawanna,
which was prominently weak during the fore
noon. and Chicago Burlington e. Quincy and
Rock Island in the afternoon. The first named
stock, however. fully recovered it's losses in the
late rally, while the latter two were sluggish
throughout Wheeling & Lake Erie was strong
all day, probably upon the fact that a number
of prominent fnanciers left this city to inspect
the road. which has been spoken of for many
months past as the nucleus of trunk-line sys-
tenn. The opening was dull. except for Western
Union and New England though
first prices were generally from
to ! per cent. above yesterdays
final figures. Further small fractions were
gained in some stocks, but the market quickly
began to droop, and lapsed into extreme dull
ness The losses of small fractions were not
covered until the last hour and after noon the
dullness was intensified, while the movement in
prices ceased altogether. After delivery hour
the change was very marked, and on a heavy
business the market rapidly advanced under the
lead of Western Union, everything showing In
the improvement The close WAS active and
strong at the best prices reached The entire
list is higher tonight, and Western Union is up
81; Manhattan, H. Missouri Pacific, Reading
and Wheeling g. Lake Erie y: Northern Pa
cifc, 4; Lackawanna. II; Lake Shore 81 North
ern Pacific preferred !.
Railroad bonds were dull and irregular, with
declines in a majority; sales, $472. 000
Government bonds were dull and steady.
State bonds dull Closing quotations
were: